Analyze the balance sheet below for ABC Corp. Assess the firm's financial condition in terms of asset structure, debt structure, likely cash conversion cycle impact, financial leverage and profitability. The account labeled "DUE to Trade" is the same as accounts payable. Note: If you are not specific you will not receive full credit for this problem. There are NO calculations required for this problem. Cash Receivables Inventory All other Total current Fixed All other Total assets 2020 $ 300,000 400,000 450,000 100.000 1.250,000 750,000 250.000 $2.250,000 20X1 $ 250,000 375,000 425,000 100.000 1,150,000 725.000 250.000 $2,125.000 20X2 S 100,000 325,000 425.000 100,000 1,000,000 700.000 200,000 $1,900,000 20x3 $ 50,000 350,000 400,000 100,000 900.000 650,000 150,000 $1.200.000 $ -0. 550,000 -0. Due banks Due trade Tanes All other Tocal current Long-term liabilities Tools Net worth Tool $ -0.5 -0. 400,000 450,000 50,000 0 -0. -0. 450,000 450.000 300,000 275.000 750,000 725.000 1.500.000 1.400.000 $250.000 52.125.000 550.000 250,000 NOO,000 1.100.000 SI 200.000 $ -0. 725.000 -0. ... 725.000 225.000 950,000 750.000 S1.700 DOO Answer below. Analyze the balance sheet below for ABC Corp. Assess the firm's financial condition in terms of asset structure, debt structure, likely cash conversion cycle impact, financial leverage and profitability. The account labeled "DUE to Trade" is the same as accounts payable. Note: If you are not specific you will not receive full credit for this problem. There are NO calculations required for this problem. Cash Receivables Inventory All other Total current Fixed All other Total assets 2020 $ 300,000 400,000 450,000 100.000 1.250,000 750,000 250.000 $2.250,000 20X1 $ 250,000 375,000 425,000 100.000 1,150,000 725.000 250.000 $2,125.000 20X2 S 100,000 325,000 425.000 100,000 1,000,000 700.000 200,000 $1,900,000 20x3 $ 50,000 350,000 400,000 100,000 900.000 650,000 150,000 $1.200.000 $ -0. 550,000 -0. Due banks Due trade Tanes All other Tocal current Long-term liabilities Tools Net worth Tool $ -0.5 -0. 400,000 450,000 50,000 0 -0. -0. 450,000 450.000 300,000 275.000 750,000 725.000 1.500.000 1.400.000 $250.000 52.125.000 550.000 250,000 NOO,000 1.100.000 SI 200.000 $ -0. 725.000 -0. ... 725.000 225.000 950,000 750.000 S1.700 DOO Answer below